Brent crude fell 34 cents, or 0.46%, to settle at US$72.94 a barrel. US West Texas Intermediate crude futures fell 72 cents, or 1.05%, to settle at US$68.
NEW YORK: Oil prices edged lower on Friday and posted a weekly decline of more than 3%, pressured by easing concern over supply risks from the Israel-Hezbollah conflict and the prospect of increased supply in 2025 even as Opec+ is expected to extend output cuts.
Brent crude fell 34 cents, or 0.46%, to settle at US$72.94 a barrel. US West Texas Intermediate crude futures fell 72 cents, or 1.05%, to settle at US$68, from the last close before Thursday's Thanksgiving holiday.
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